More than half of American adults earning over $100,000 annually say they’re living paycheck to paycheck, according to the latest Paycheck-to-Paycheck report from LendingClub.
As the cost of living keeps rising, what can you do to cut back and live below your means without feeling the crunch? Here’s what financial advisors and money management experts recommend.
Coffee might be an easy cost to cut, said Andrew Aran, managing partner at Regency Wealth Management. An occasional Starbucks latte may not be a big deal; but, if you’re spending $5 or more on specialty drinks several times a week, try brewing your coffee at home.
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Regency Wealth Management is a SEC Registered Investment Advisor managing over $500 million for families and small institutional investors. Regency was founded in 2004, is headquartered in New Jersey, and serves clients across the country.